JPMorgan to pay $13B in settlement with authorities

JPMorgan to pay $13B in settlement with authorities:

JPMorgan has reached an agreement to pay $13B to settle several investigations into its business practices. Among the penalties is a $4B payment to resolve claims by the Federal Housing Finance Agency alleging the bank sold questionable mortgage loans to Fannie Mae and Freddie Mac. Another $4B would go to consumer relief and $5B to settle other inquiries. While I am sure everyone does have their price, the $13B wasn’t enough to settle the ongoing criminal investigations. The resolution of those charges will be an interesting process to watch unfold.